Brief Analysis of China’s Customs Declarations for Imported Copper Scrap and Shredded Copper Scrap in January 2026

Published: Mar 30, 2026 10:45
[Latest Data from the General Administration of Customs] In January 2026, China imported 232,300 mt in physical content of copper scrap and shredded copper scrap. Of this total, 139,300 mt was imported through customs declarations filed with Ningbo Customs, ranking first and accounting for 59.98%; 24,300 mt was imported through customs declarations filed with Guangdong Customs, ranking second and accounting for 10.47%. (HS code: 74040000)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Falling copper prices spur downstream replenishment orders
1 hour ago
Falling copper prices spur downstream replenishment orders
Read More
Falling copper prices spur downstream replenishment orders
Falling copper prices spur downstream replenishment orders
This week, the decline in copper prices stimulated downstream restocking, leading to a significant improvement in enterprises' new orders. The operating rate of the copper enamelled wire industry recovered alongside new orders.
1 hour ago
Copper price decline stimulates replenishment orders, with machine startup and order-taking recovering simultaneously [SMM Enamelled Wire Market Weekly Review]
1 hour ago
Copper price decline stimulates replenishment orders, with machine startup and order-taking recovering simultaneously [SMM Enamelled Wire Market Weekly Review]
Read More
Copper price decline stimulates replenishment orders, with machine startup and order-taking recovering simultaneously [SMM Enamelled Wire Market Weekly Review]
Copper price decline stimulates replenishment orders, with machine startup and order-taking recovering simultaneously [SMM Enamelled Wire Market Weekly Review]
This week (6.19-6.25), the operating rate of enamelled wire industry machines rebounded WoW....
1 hour ago
US Inflation Indicators Meet Expectations, Copper Prices in and Outside China Rise Amid Volatility [SMM Copper Morning Meeting Minutes]
2 hours ago
US Inflation Indicators Meet Expectations, Copper Prices in and Outside China Rise Amid Volatility [SMM Copper Morning Meeting Minutes]
Read More
US Inflation Indicators Meet Expectations, Copper Prices in and Outside China Rise Amid Volatility [SMM Copper Morning Meeting Minutes]
US Inflation Indicators Meet Expectations, Copper Prices in and Outside China Rise Amid Volatility [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Summary: Overnight, LME copper opened at $13,231.5/mt, edged up to $13,308/mt in early trading, then drifted lower to touch a low of $13,190/mt, and finally closed at a high of $13,316/mt, up 2.22%. Trading volume was 26,000 lots, and open interest was 248,000 lots, up 306 lots from the previous trading day, indicating that bulls added positions. Overnight, the most-traded SHFE copper 2608 contract opened at 102,180 yuan/mt, edged up to 102,600 yuan/mt, then drifted lower to touch a low of 101,640 yuan/mt, and closed at 102,260 yuan/mt, up 1.03%. Trading volume was 55,000 lots, and open interest was 162,000 lots, down 2,799 lots from the previous session, indicating that bears reduced positions. On the macro front, US PCE data largely met expectations, and the US dollar index halted its three-day rally. Geopolitically, another vessel attack occurred in the Strait of Hormuz; Iran warned that unauthorized transits are "unacceptable," and Israel denied withdrawing troops from southern Lebanon, which heightened Middle East tensions again and pushed geopolitical risk premiums higher. These factors eased rate hike concerns, and the US dollar stopped rising and pulled back, helping copper prices stabilize and rebound.
2 hours ago